Family Unity Promotion Act of 1994 - Amends the Internal Revenue Code to allow married couples to make a combined return of income taxes under which each spouse is taxed using rates applicable to unmarried individuals. Makes the standard deduction applicable to such individual.
Allows certain spouses a full deduction for contributions to an individual retirement account.
Increases the personal exemption for a dependent child who has not attained age 18 from $2,000 to $3,500.
Introduced in House
Introduced in House
Sponsor introductory remarks on measure. (CR H1963)
Referred to the House Committee on Ways and Means.
Llama 3.2 · runs locally in your browser
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line